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Music streaming giant Spotify said Monday it will reduce the number of its employees by around 17% in a bid to cut costs amid “dramatically” slower economic growth. Spotify in October posted a rare quarterly operating profit of 32 million euros, compared to a loss of 228 million for the same period a year earlier, on the back of 26% growth in active users for the third quarter. “I realise that for many, a reduction […]
by Gaël Branchereau Agence France-Presse STOCKHOLM, Sweden (AFP) — Spotify may uncontestably be the king of music streaming, but as the Swedish firm prepares for a stock listing, there is still a divide whether its reign is benign or not for artists and the music industry. “We really do believe that we can improve the world, one song at a time,” Spotify’s 35-year-old chief executive and co-founder Daniel Ek said in the documents filed to […]
NEW YORK, United States (AFP) — Electric carmaker Tesla said Thursday it was considering ways to enter music streaming amid a report it may launch a unique new service. The high-end carmaker, which already has a tie-up with streaming leader Spotify in some international markets, said it was aiming at ways to please drivers. “We believe it’s important to have an exceptional in-car experience so our customers can listen to the music they want from […]
QUEZON City, Philippines (February 15) – Of all the forms of entertainment, it is safe to say that music and movies are the most consumed by the people. Some even say that music is not just music; it’s a way of life. When it comes to movies, the saying “you are what you eat” may also apply, you are what you watch. As such, it is almost inevitable that one day, there will be music and […]
